Glenmark Pharma gets US FDA approval for two generic drugs

21 January 2016
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India’s Glenmark Pharma (BSE: 532296) on Thursday said it has received final approval from the US Food and Drug Administration to manufacture and market potassium chloride extended release capsules and oral contraceptive norethindrone acetate and ethinyl estradiol tablets in the US market.

The company said the approved product has an estimated US market size of $74.1 million for the 12 months ended November 2015, citing IMS data.

Glenmark Pharma has also received approval for norethindrone acetate and ethinyl estradiol tablets. It is a generic version of US-based Warner Chilcott's oral contraceptive drug Leostrin21.

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